Archives :: Markets :: Plastics :: Polypropylene
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April 23, 2016BASF announced on Friday that it signed an agreement to sell its global polyolefin catalysts business to W.R. Grace. BASF and Grace intend to complete the transaction in the third quarter of 2016....
April 22, 2016Sibur (Moscow) has confirmed earlier reports that the company’s previously announced gas-based petrochemical project in the Amur region of far eastern Russia will likely be a...
April 11, 2016Petrochemical Industries Company (PIC; Kuwait) and Pembina Pipeline (Calgary, AB, Canada) are evaluating the feasibility of a combined, world-scale propane dehydrogenation (PDH) and polypropylene (PP) production facility in Alberta, Canada. Pembina and PIC expect to complete the study in six months. If the project continues into front-end engineering and design (FEED), the partners would make a final investment decision by mid-2017, says Pembina, with startup expected by 2020....
March 29, 2016Shell executive v.p. Graham van't Hoff and CNOOC's Xiaoli sign the final investment decision for expanding the CSPC jv. China National Offshore Oil Corp. (CNOOC; Beijing) and Shell...
March 16, 2016Rosneft (Moscow) said on Wednesday that during chairman Igor Sechin's recent visit to India, the company held negotiations with the management of Essar Oil achieving “preliminary...
March 11, 2016Polypropylene (PP) margins have likely peaked in North America, IHS Chemical says. Supply is improving, and competition from imports and high-density polyethylene (HDPE) are putting buyers into a better negotiating position....
February 8, 2016LyondellBasell says it has completed the sale of Petroken Petroquimica Ensenada (Petroken; Buenos Aires), a producer of polypropylene, to Grupo Inversor Petroquímica (GIP; Madrid) for $184 million....
February 5, 2016Indian Prime Minister Narendra Modi on Friday officially inaugurated the long-delayed 100 billion Indian rupees ($1.48 billion) Brahmaputra Cracker and Polymer complex at Lepetkata...
February 8, 2016LyondellBasell reports net income for the fourth-quarter of $795 million, up 0.5% year-over-year (YOY) from $791 million. Sales totaled $7.071 billion, down 31.3%. Adjusted earnings of $2.20/share beat the average analyst estimate of $2.14/share as compiled by Thomson Reuters (New York). Lower ethylene margins took a large chunk of the earnings, partly offset by higher polyolefin volumes and margins....
January 29, 2016State-controlled oil and gas company Ecopetrol (Bogotá) says that its board has approved plans to divest all of its shares in wholly owned polyolefins subsidiary Polipropileno...